Top 10 stocks for today

21 Jul 2022 , 08:17 AM

Here are the top 10 stocks with major news in them and the potential to move the markets:

1. NTPC:

The Moroccan Agency for Sustainable Energy (MASEN) and the state-owned power company have signed an agreement to work together on renewable energy. During the 17th CII EXIM Conclave on India Africa Growth Partnership, which took place in New Delhi from July 19—20, 2022, it inked an MoU with MASEN for cooperation in the renewable energy sector.

1. Wipro:

The IT company reported a 21% fall in net profit for the June quarter as greater employee-related costs increased the company’s overall spending. Consolidated net profit in April through June was Rs2,563.6 crore, down 20.6% from Rs3,242.6 crore in the same period a year prior.

1. IndusInd Bank:

Due to lesser provisioning for bad assets, the private lender recorded a 60% increase in its consolidated net profit for the first quarter to Rs1,631 crore. Lender marketed by the Hindujas declared a net profit of Rs1,016 crore for the months of April and June of the previous fiscal year.

1. Yes Bank:

After a new board was elected, professor Ananth Narayan Gopalakrishnan and former RBI Deputy Governor R Gandhi stopped serving as extra directors on the Yes Bank board. The action is in response to the RBI’s instruction for the bank dated July 20, 2022.

1. Havells India:

The manufacturer of consumer electrical goods recorded an increase in overall net profit of 3.1% to Rs243.16 crore for the June quarter, despite negative margin effects from fluctuating commodity costs. In the April-June quarter of the previous year, the company had reported a consolidated net profit of Rs235.78 crore.

1. CEAT:

Due to the impact of increased raw material prices on the business, the tyre manufacturer recorded a 61% fall in its consolidated net profit at Rs9 crore for the June quarter. In the same period the previous year, the business with its headquarters in Mumbai reported a net profit of Rs23 crore.

1. Gland Pharma:

For the quarter that ended in June 2022, the pharmaceutical company’s profit decreased by 35% to Rs 229.2 crore due to weaker operating results and slower topline growth. Revenue decreased 26% YoY to Rs856.9 crore during the quarter due to ongoing supply interruptions in a difficult macroeconomic environment.

1. AU Bank:

On the strength of improved asset quality and more than fourfold increases in loan sales, the small finance lender recorded a 32% year over year increase in net income to Rs268 crore in the June quarter. The sharpest increase in asset quality, which resulted in gross decreasing sharply to 1.96%, has given the bottom line the biggest lift.

1. Century Plyboard:

In spite of inflationary pressure, the manufacturer of plywood and laminates reported a staggering 184% growth in net profit for the first quarter of the current fiscal year, reaching Rs96.47 crore. In the comparable period the previous year, the profit after taxes was Rs33.89 crore.

1. Hatsun Agro Products:

For the first time, the manufacturer of dairy products has seen sales surpass Rs2,000 crore in the quarter ending June 30, 2022. For the quarter ending June 30, 2022, the company reported revenues of Rs2,014.60 crore, compared to Rs1,538.78 crore for the same quarter the previous year.